{"id":269738,"date":"2023-06-22T08:08:20","date_gmt":"2023-06-21T23:08:20","guid":{"rendered":"https:\/\/www.singapore-startup.com\/?p=269738"},"modified":"2023-06-22T08:08:20","modified_gmt":"2023-06-21T23:08:20","slug":"bitcoin-nfts-what-the-heck-is-going-on-the-inside-story-of-its-volume-surge-explained","status":"publish","type":"post","link":"https:\/\/www.singapore-startup.com\/?p=269738&lang=en","title":{"rendered":"Bitcoin NFTs, what the heck is going on? The Inside Story of its Volume Surge Explained"},"content":{"rendered":"<div class=\"aafe36d7afa19a8010513acdd90193c0\" data-index=\"1\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<center>Sponsored Link<\/center>\r\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- Article upper_singapore-startup.com -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-8303070969424899\"\r\n     data-ad-slot=\"5656608650\"\r\n     data-ad-format=\"rectangle\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<h2>NFT Trade Volume in Bitcoin<\/h2>\n<p>\u3000In recent years, the popularity of NFTs (non-substitutional tokens) has increased, and trading has been active on a variety of blockchain networks. Notably, Bitcoin, first recognized as a financial utility, is quickly gaining ground in the NFT world.<\/p>\n<p>&nbsp;<\/p>\n<h2>Bitcoin and NFTs<\/h2>\n<p>\u3000Bitcoin is leveraging its robust blockchain network and broad user base to establish a new position in the NFT market. Until now, Ethereum has been positioned as the primary application for NFTs, followed by Solana and Polygon.<\/p>\n<p>However, Bitcoin recently surpassed Solana in NFT sales volume over a seven-day period, moving into second place behind Ethereum.<\/p>\n<p>&nbsp;<\/p>\n<h2>Bitcoin NFT&#8217;s Surge in Popularity<\/h2>\n<p>\u3000While some critics point to network delays and increased fees, many say the technology will enhance the blockchain.Bitcoin NFT, aka Ordinals, is quickly gaining popularity, with approximately 9.3 million descriptions created since its introduction.<\/p>\n<p>The Bitcoin NFT also has a stablecoin called Stably USD, issued by the Web3 company Stably. This allows Ordinals to be traded more easily than with USD or other fiat currencies.<\/p>\n<p>&nbsp;<\/p>\n<h2>Bitcoin NFT Trading Volume<\/h2>\n<p>\u3000A Bitcoin-based NFT collection called &#8220;Space Pepes&#8221; has received particular attention. This collection was the most traded NFT over a seven-day period, bringing the collection&#8217;s total value to over $7.3 million.<\/p>\n<p>\u3000These weekly figures surpassed the popular Ethereum-based collection Bored Apes Yacht Club (BAYC), indicating that Bitcoin-based artwork is gaining popularity over the likes of other networks such as Solana and Polygon This indicates that Bitcoin-based artwork is gaining popularity over the likes of other networks such as Solana and Polygon.<\/p>\n<p>\u3000Over the past 30 days, Bitcoin NFT transaction volume has reached approximately $167 million, closing in on Ethereum&#8217;s $397 million. And Bitcoin NFT sales are well ahead of the Solana network&#8217;s approximately $57 million, almost triple its transaction volume. These numbers indicate that Bitcoin is gaining significant ground in the NFT market.<\/p>\n<p>&nbsp;<\/p>\n<p>\u203breference URL\u2460:<span style=\"text-decoration: underline; color: #0000ff;\"><a href=\"https:\/\/fortune.com\/crypto\/2023\/05\/27\/this-week-in-the-metaverse-bitcoin-ups-its-nft-game-surpassing-solana-in-weekly-volume\/\" style=\"color: #0000ff; text-decoration: underline;\">This Week in the Metaverse: Bitcoin ups its NFT game, surpassing Solana in weekly volume<\/a><\/span><\/p>\n<p>\u203breference URL\u2461:<span style=\"text-decoration: underline; color: #0000ff;\"><a href=\"https:\/\/www.coindesk.com\/web3\/2023\/05\/25\/bitcoin-based-space-pepes-led-weekly-trading-volumes-among-nft-collections\/\" style=\"color: #0000ff; text-decoration: underline;\">Bitcoin-Based \u2018Space Pepes\u2019 Led Weekly Trading Volumes Among NFT Collections<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>Products and services such as these are also available!<\/h2>\n<p style=\"text-align: center;\"><strong>1.GMO Internet Group&#8217;s [GMO Coin].<\/strong><\/p>\n<a href=\"https:\/\/px.a8.net\/svt\/ejp?a8mat=2ZAD2D+33C92Q+3VI8+67RK1\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"300\" height=\"250\" alt=\"\" src=\"https:\/\/www25.a8.net\/svt\/bgt?aid=180202405187&amp;wid=009&amp;eno=01&amp;mid=s00000018080001044000&amp;mc=1\" class=\"aligncenter\" \/><\/a> <img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"1\" height=\"1\" src=\"https:\/\/www15.a8.net\/0.gif?a8mat=2ZAD2D+33C92Q+3VI8+67RK1\" alt=\"\" \/>\n<p style=\"text-align: center;\"><strong>2.Ledger cryptocurrency hardware wallet<\/strong><\/p>\n<a href=\"https:\/\/px.a8.net\/svt\/ejp?a8mat=2ZAD2D+33XOOI+3CWI+BZGEP\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"300\" height=\"250\" alt=\"\" src=\"https:\/\/www20.a8.net\/svt\/bgt?aid=180202405188&amp;wid=009&amp;eno=01&amp;mid=s00000015669002013000&amp;mc=1\" class=\"aligncenter\" \/><\/a> <img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"1\" height=\"1\" src=\"https:\/\/www19.a8.net\/0.gif?a8mat=2ZAD2D+33XOOI+3CWI+BZGEP\" alt=\"\" \/>\n<p style=\"text-align: center;\"><strong>3.Complete tedious virtual currency profit and loss calculations in an average of 10 seconds.\u3010Cryptact\u3011<\/strong><\/p>\n<a href=\"https:\/\/px.a8.net\/svt\/ejp?a8mat=3T6T17+6EEU7E+4DGW+609HT\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"300\" height=\"250\" alt=\"\" src=\"https:\/\/www29.a8.net\/svt\/bgt?aid=230424955387&amp;wid=004&amp;eno=01&amp;mid=s00000020408001009000&amp;mc=1\" class=\"aligncenter\" \/><\/a> <img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"1\" height=\"1\" src=\"https:\/\/www16.a8.net\/0.gif?a8mat=3T6T17+6EEU7E+4DGW+609HT\" alt=\"\" \/>\n<p style=\"text-align: center;\"><strong>4.Bitcoin is worth 50 million yen! Start &#8220;Accumulating Bitcoin&#8221; instead of &#8220;Temasu NISA&#8221; and &#8220;iDeCo&#8221;.<\/strong><\/p>\n<a href=\"https:\/\/www.amazon.co.jp\/%E3%80%90%E5%A2%97%E8%A3%9C%E3%83%BB%E6%94%B9%E8%A8%82%E7%89%88%E3%80%91%E3%83%93%E3%83%83%E3%83%88%E3%82%B3%E3%82%A4%E3%83%B3%E3%81%AF5000%E4%B8%87%E5%86%86%E3%81%AB%E3%81%AA%E3%82%8B-%E3%81%A4%E3%81%BF%E3%81%9F%E3%81%A6NISA%E3%80%81iDeCo%E3%82%88%E3%82%8A%E3%80%8C%E7%A9%8D%E3%81%BF%E7%AB%8B%E3%81%A6%E3%83%93%E3%83%83%E3%83%88%E3%82%B3%E3%82%A4%E3%83%B3%E3%80%8D%E3%82%92%E5%A7%8B%E3%82%81%E3%81%AA%E3%81%95%E3%81%84-%E3%83%8A%E3%82%AB%E3%83%A2%E3%83%88-%E3%83%A4%E3%82%B9%E3%82%B7\/dp\/4575316202?__mk_ja_JP=%E3%82%AB%E3%82%BF%E3%82%AB%E3%83%8A&amp;crid=2PNFTD8AEI5V5&amp;keywords=%E3%83%93%E3%83%83%E3%83%88%E3%82%B3%E3%82%A4%E3%83%B3&amp;qid=1687383781&amp;s=books&amp;sprefix=%E3%81%B3%E3%81%A3%E3%81%A8%E3%81%93%E3%81%84%E3%82%93%2Cstripbooks%2C186&amp;sr=1-4&amp;linkCode=li3&amp;tag=shizu1002-22&amp;linkId=052abbe872ccfde40d16e8993c2b0995&amp;language=ja_JP&amp;ref_=as_li_ss_il\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" border=\"0\" src=\"\/\/ws-fe.amazon-adsystem.com\/widgets\/q?_encoding=UTF8&amp;ASIN=4575316202&amp;Format=_SL250_&amp;ID=AsinImage&amp;MarketPlace=JP&amp;ServiceVersion=20070822&amp;WS=1&amp;tag=shizu1002-22&amp;language=ja_JP\" class=\"aligncenter\" title=\"\" alt=\"\" \/><\/a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ir-jp.amazon-adsystem.com\/e\/ir?t=shizu1002-22&amp;language=ja_JP&amp;l=li3&amp;o=9&amp;a=4575316202\" width=\"1\" height=\"1\" border=\"0\" alt=\"\" style=\"border: none !important; margin: 0px !important;\" \/>\n<p style=\"text-align: center;\"><strong>5.The Complete Guide to Bitcoin (100% Mook Series)<\/strong><\/p>\n<a href=\"https:\/\/www.amazon.co.jp\/%E3%80%90%E5%AE%8C%E5%85%A8%E3%82%AC%E3%82%A4%E3%83%89%E3%82%B7%E3%83%AA%E3%83%BC%E3%82%BA344%E3%80%91%E3%83%93%E3%83%83%E3%83%88%E3%82%B3%E3%82%A4%E3%83%B3%E5%AE%8C%E5%85%A8%E3%82%AC%E3%82%A4%E3%83%89-100-%E3%83%A0%E3%83%83%E3%82%AF%E3%82%B7%E3%83%AA%E3%83%BC%E3%82%BA-%E6%99%8B%E9%81%8A%E8%88%8E\/dp\/4801818420?__mk_ja_JP=%E3%82%AB%E3%82%BF%E3%82%AB%E3%83%8A&amp;crid=2PNFTD8AEI5V5&amp;keywords=%E3%83%93%E3%83%83%E3%83%88%E3%82%B3%E3%82%A4%E3%83%B3&amp;qid=1687383781&amp;s=books&amp;sprefix=%E3%81%B3%E3%81%A3%E3%81%A8%E3%81%93%E3%81%84%E3%82%93%2Cstripbooks%2C186&amp;sr=1-16&amp;linkCode=li3&amp;tag=shizu1002-22&amp;linkId=6348f6de0ced122b0514b2660e453484&amp;language=ja_JP&amp;ref_=as_li_ss_il\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" border=\"0\" src=\"\/\/ws-fe.amazon-adsystem.com\/widgets\/q?_encoding=UTF8&amp;ASIN=4801818420&amp;Format=_SL250_&amp;ID=AsinImage&amp;MarketPlace=JP&amp;ServiceVersion=20070822&amp;WS=1&amp;tag=shizu1002-22&amp;language=ja_JP\" class=\"aligncenter\" title=\"\" alt=\"\" \/><\/a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ir-jp.amazon-adsystem.com\/e\/ir?t=shizu1002-22&amp;language=ja_JP&amp;l=li3&amp;o=9&amp;a=4801818420\" width=\"1\" height=\"1\" border=\"0\" alt=\"\" style=\"border: none !important; margin: 0px !important;\" \/>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>NFT Trade Volume in Bitcoin \u3000In recent years, the popularity of NFTs (non-substitutional tokens) has increased&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[411354],"tags":[411498],"class_list":{"0":"post-269738","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin-nft","8":"tag-bitcoin-nft-volume-en","9":"article cf"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/posts\/269738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=269738"}],"version-history":[{"count":1,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/posts\/269738\/revisions"}],"predecessor-version":[{"id":269739,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/posts\/269738\/revisions\/269739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/posts\/1"}],"wp:attachment":[{"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=269738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=269738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=269738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}